The agreement will allow Endeavor to retain 20% of the scripted side of the business, in addition to retaining the non-scripted division, as well as various documentary, film sales and financing consulting services.
The comprehensive global deal that includes co-productions for original series and films, content licensing and distribution across ViacomCBS' and CJ ENM's leading streaming services.
CJ ENM has entered into a definitive agreement to acquire an 80% stake of the scripted business of Endeavor Content from its parent company Endeavor Group Holdings for US$775 million in total proceeds.